.png){kind=small}
Card Fraud
Payment card fraud is when criminals steal your cards, or get your cards details so they can steal your money. You might notice this by seeing unexpected transactions on your statements or suddenly seeing that you have gone over your overdraft or credit limit.
Card fraud
Card-not-present (CNP) fraud:
When a criminal uses stolen card details to make payments online, by phone or mail order
Lost and stolen card fraud
When your debit or credit card is physically stolen or lost and then used by a criminal.
Counterfeit card fraud:
This occurs when criminals make an illegal copy of your credit or debit card. Most of this fraud involves skimming. This is when your cards magnetic stripe data on the back of the card is copied by a criminal. Criminals often skim cards by using a device that is fitted to a cash machine or any card reader. This data is then transferred onto a fake magnetic stripe card and used to make purchases.
Card ID theft:
This happens when a criminal has got details other than your credit or debit card such as stolen personal information, to takeover a card account in your name.
Card fraud
This could be:
Card entrapment, physical card is captured.
Card skimming, details of the card captured.
Cash entrapment, where a device is fitted to the cash dispenser to capture the cardholders cash.
Digital card Fraud – This is when a payment has been made using the contactless feature on your credit/ debit card. Contactless card payments have a BZ$500 limit per transaction, however, every transaction above BZ$100 you have to sign.
